Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/gopal-snacks-ltd" target="_blank" data-smartkarma-citation="entities:40960:1" rel="noopener">Gopal Snacks (1592789D IN)</a> IPO worth INR 6.5 bn is live on the bourses. </li>
<li>The company is a prominent snacks manufacturer in India, especially in the state of Gujarat. It boasts one of the highest fixed asset turnover ratio and high ROCEs. </li>
<li>On the flipside, caution must remain on its dull revenue growth post F22 and on its related party transactions, especially with promoter companies.</li>
</ul>



Gopal Snacks (1592789D IN) IPO worth INR 6.5 bn is live on the bourses. 
The company is a prominent snacks manufacturer in India, especially in the state of Gujarat. It boasts one of the highest fixed asset turnover ratio and high ROCEs. 
On the flipside, caution must remain on its dull revenue growth post F22 and on its related party transactions, especially with promoter companies.


India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/prataap-snacks-ltd" target="_blank" data-smartkarma-citation="entities:26051:1" rel="noopener">Prataap Snacks Ltd (DIAMOND IN)</a>'s acquisition of Avadh Snacks and recent manufacturing expansions, including new facilities in Kolkata, Jammu, and Rajkot, align with its growth strategy.</li>
<li>PSL reported an 8.7% revenue increase in Q1 FY25, despite facing raw material cost inflation and rising overheads. The company has streamlined distribution and cost management to sustain margins.</li>
<li>PSL's focus on expanding high-margin segments and leveraging cost efficiencies positions it as a resilient and cheapest player in the snack industry.</li>
</ul>



Prataap Snacks Ltd (DIAMOND IN)'s acquisition of Avadh Snacks and recent manufacturing expansions, including new facilities in Kolkata, Jammu, and Rajkot, align with its growth strategy.
PSL reported an 8.7% revenue increase in Q1 FY25, despite facing raw material cost inflation and rising overheads. The company has streamlined distribution and cost management to sustain margins.
PSL's focus on expanding high-margin segments and leveraging cost efficiencies positions it as a resilient and cheapest player in the snack industry.


Prataap Snacks: Market Expansion, Challenges, and Future Plans

India

Gopal Snacks Limited operates as a packaged food company. The Company offers wafers, spices, sweets, flour, snack pellets, and bakery products. Gopal Snacks serves customers worldwide.

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Gopal Snacks (1592789D IN)

Gopal Snacks Ltd IPO- Forensic Analysis

Gopal Snacks boasts high fixed asset turnover and ROCE but one should also take in account the slow revenue growth and related party transactions.

Nitin Mangal

Prataap Snacks: Market Expansion, Challenges, and Future Plans

Prataap Snacks strategic mfg expansions support its growth strategy, despite challenges with RM costs and overheads in recent Q1. The company is...

Sudarshan Bhandari

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52-week Range

Market Cap (USDm)

P/E

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Gopal Snacks Ltd IPO- Forensic Analysis

​Gopal Snacks boasts high fixed asset turnover and ROCE but one should also take in account the slow revenue growth and related party transactions.

Nitin Mangal

Prataap Snacks: Market Expansion, Challenges, and Future Plans

​Prataap Snacks strategic mfg expansions support its growth strategy, despite challenges with RM costs and overheads in recent Q1. The company is...

Sudarshan Bhandari

Gopal Snacks boasts high fixed asset turnover and ROCE but one should also take in account the slow revenue growth and related party transactions.

Prataap Snacks strategic mfg expansions support its growth strategy, despite challenges with RM costs and overheads in recent Q1. The company is...